555 S 2nd ST, San Jose, CA 95112
555 S 2nd ST, San Jose, CA 95112
555 S 2nd ST, San Jose, CA 95112
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Eymon Binesh • Marcus & Millichap, DRE#02060059
$8,280,000
Est. payment /mo
1 Bed
2 Baths
20,521 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 20,521 sqft

Price per Sqft $403

MLS Listing ID ML82038519

Bedrooms 1

Full Baths 2

Year Built 1928

Lot Size 0.332 Acres

Property Sub-Type Five or More Units

Property Description

Marcus & Millichap is pleased to present 555 S. 2nd Street, a 39-unit apartment community located in the heart of Downtown San Jose's vibrant SoFA District. Offered at just $212,000 per unit, the property provides investors with a rare low basis in one of Silicon Valley's most dynamic urban neighborhoods. The asset features 37 studio units, one one-bedroom unit, and a ~900 SF ground-floor commercial storefront, currently vacant. The investment offers strong in-place returns with a 6.93% CAP rate and 8.8 GRM, along with attractive financing options available, creating an opportunity for immediate cash flow in a prime downtown location near San Jose State University, major tech employers, dining, and entertainment. This opportunity presents a rare opportunity to acquire scale in Downtown San Jose at an attractive basis with strong in-place cash flow and long-term upside.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning DC

Interior

Heating Gas

Cooling None

Laundry Coin Operated

Exterior

Parking Features Covered Parking, Off-Street Parking

Utilities Available Public Utilities

Roof Type Rolled Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 472-26-072

Security Features None

Special Listing Condition Not Applicable

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Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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555 S 2nd ST